This property could be a profitable Mid-Term investment with a projected 22.42% first-year return on $55,779 initial cash invested.
22.42%
Cash On Cash
14.13%
Cap Rate
2.24
DSCR
$3,330
Rent
$1,042
Cashflow
Cash Flow
$3,330 income − $2,288 expenses = $1,042 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,330
Total Expenses
$2,288
Mortgage P&I
28%
$944
Property Taxes
4%
$146
Home Insurance
2%
$66
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366